Good Fellow Healthcare Holdings Limited Stock Forecast

Good Fellow Healthcare Holdings Limited stock price ended at HK$0.122 on Thursday, after losing 0%.
(Updated on May 09, 2024)

8143.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 10.91%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Good Fellow Healthcare Holdings Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.210. On a fall, the stock will find some support from the short-term average at HK$0.115. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Good Fellow Healthcare Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.115 and HK$0.113. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Good Fellow Healthcare Holdings Limited finds support just below today's level at HK$0.115. If this is broken, then the next support from accumulated volume will be at HK$0.113 and HK$0.110.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.29%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (8143.HK) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Good Fellow Healthcare Holdings Limited to open at HK$0.122, and during the day (based on 14 day Average True Range), to move between HK$0.104 and HK$0.140, which gives a possible trading interval of +/-HK$0.0182 (+/-14.91%) up or down from last closing price. If Good Fellow Healthcare Holdings Limited takes out the full calculated possible swing range there will be an estimated 29.82% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ HK$0.115, some HK$0.0070 (5.74%) from the current price of HK$0.122, our system finds the risk reward attractive.

Is Good Fellow Healthcare Holdings Limited stock A Buy?

Good Fellow Healthcare Holdings Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.183 Sell Candidate Unchanged

Predicted Opening Price for Good Fellow Healthcare Holdings Limited of Friday, May 10, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.